The company entered the Chinese market 120 years ago. It has participated in China's transportation infrastructure growth by providing key components to high-speed trains and urban rail transit systems nationwide.
The company admitted no liability in settling the case. It still faces hundreds of similar lawsuits filed by states as well as other counties and cities. About 400,000 people died from opioid overdoses between 1999 and 2017, the US Centers for Disease Control and Prevention reported.
The comments came amid growing concern over the escalating trade tensions between the world’s two largest economies.
The company claimed QFR increases the diagnosis accuracy by 33 percent compared with conventional coronary angiography, a commonly used method in China that helps doctors decide whether a patient needs to have surgical and interventional heart procedures.
The companies have to go through the second stage of audit and inquiry before they can successfully be listed on the sci-tech board, the bourse said.
The company also created job opportunities to over 717 local families in poverty.
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The company has spent more than 3 billion yuan (8 million) on big data, internet of things and AI. It is also gearing up to increase its global expansion plans.
The company also worked with many patient groups and patient advocates to better understand how they live with a disease and what the priorities are for them, to improve the way the company answer calls from patients, he said, adding the company is to expand the strategy to other countries and other functions.
The commission has kicked off the reforms by allowing qualified companies in high-tech and strategic emerging industries to list on the ChiNext through reverse mergers from last Friday.
The company filed a similar lawsuit last year against an Illinois-based affiliate marketing company, First Impression Interactive, and won prohibitions against use of the Amazon brand by that company.